Nissan profit falls on foreign exchange losses, onetime costs

by deeperkins | May 14, 2018 | Uncategorized

Nissan reported a 12 percent slide in operating profit in the most recent quarter as foreign exchange rate losses, deteriorating sales mix and onetime costs. Source: Auto Feed

Making Winterkorn pay for VW's scandal could backfire on automaker

by deeperkins | May 14, 2018 | Uncategorized

Forcing former VW Group CEO Martin Winterkorn to pay for at least some of the nearly $30 billion stemming from the diesel scandal could backfire on the automaker and even drag other top executives — Chairman Dieter Poetsch and new CEO Herbert Diess…...

All public dealership groups raise average FandI profit per vehicle

by deeperkins | May 14, 2018 | Uncategorized

All six public new-vehicle dealership groups improved average FandI gross profit per unit in the first quarter, driven primarily by FandI training and an increase in product sales. Source: Auto Feed

Mahindra's giant leap into Detroit

by deeperkins | May 14, 2018 | Uncategorized

After failing to enter the United States in 2010, India’s Mahindra and Mahindra is taking a novel approach in its second attempt — making vehicles in Detroit. Source: Auto Feed

Profit drop in once reliable N.A. drags down Subaru

by deeperkins | May 14, 2018 | Uncategorized

North America, long the earnings engine for Subaru, suddenly turned into a drag on global profits amid spiraling incentives due to increased crossover competition. Source: Auto Feed